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Compare the gross spreads: a . Based on our class discussions and textbook, what is the standard IPO gross spread in the market? b .

Compare the gross spreads:

.

Based on our class discussions and textbook, what is the standard IPO gross spread in the market?

.

Do you find the gross spreads of four IPOs listed above to be consistent with that?

.

Based on our class discussions and lecture notes, please provide at least

3

possible reasons for the difference in gross spreads.

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